Roadzen Inc. has successfully closed its previously announced acquisition of a majority stake in EliteCover Insurance Solutions, Inc., a managing general underwriter specializing in U.S. commercial auto insurance. The deal brings EliteCover's licensed platform, underwriting authority, and distribution network together with Roadzen's AI, telematics, and automated claims technology. The acquisition is expected to add over $8 million in annual revenues over the next year with more than 25% adjusted EBITDA margins. EliteCover's leadership will remain in place, and the combined entity aims to accelerate data-driven underwriting and risk management for commercial auto insurance across the U.S.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Roadzen Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9596046-en) on December 03, 2025, and is solely responsible for the information contained therein.